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Expert Answer

The Coronavirus Business Interruption Loan Scheme (CBILS) is UK Government Scheme that provides financial support to smaller businesses (SMEs) across the UK that are losing revenue, and seeing their cashflow disrupted, as a result of the COVID-19 outbreak. CBILS has been significantly expanded in the UK with changes to the scheme’s features and eligibility criteria. The changes mean even more smaller businesses across the UK impacted by the coronavirus crisis can access the funding they need. We have a team of qualified and licensed Insolvency Practitioners waiting to discuss all available options with you.